arabellacrginsolvencycouk

piggy bank, money, savings

COVID Loan Repayments – The potential pitfalls for directors

The dates for businesses to start to make instalment payments for loans obtained since the commencement of the Covid 19 lockdown, are starting for some, and many more will see these dates nearing over the next few months.   Finance companies will be discussing with businesses to assist with this process, as clearly it is …

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green, rush, football

CRG IN THE PRESS: Macclesfield Town Football Club sale

It seems that an LPA Receivership that CRG Insolvency & Financial Recovery (“CRG”) had been conducting  has made the news regarding Macclesfield Town Football Club (“the Club”) – In Liquidation. Charles Ranby-Gorwood of CRG was acting as LPA Receiver of the football ground, and the lender, HNW Lending Limited (“HNW”), had to obtain a validation …

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BIG new law on pre-packs – significant? Yes – but needed.

From the 30th April 2021, in an aid of increasing creditor confidence in pre-packs, new legislation is coming into force, namely, ‘THE ADMINISTRATION (RESTRICTIONS ON DISPOSAL ETC. TO CONNECTED PERSONS) REGULATIONS 2021. Yes, it’s always a long-winded title. Following the introduction of the (optional) pre-pack pool a few years ago, regarding connected party transactions, the …

BIG new law on pre-packs – significant? Yes – but needed. Read More »